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Friday, July 24, 2015

Greece prepares to reopen stock market after one-month shutdown

By Angeliki Koutantou and Francesco Canepa ATHENS/FRANKFURT (Reuters) - Greece is preparing to reopen its stock exchange and allow international investors to take their money out of the country's listed companies after a one-month shutdown. The Greek economy is slowly regaining some semblance of normality after the government secured a 7.2 billion euro bridging loan to pay its debt obligations last week, allowing it to reopen banks, albeit with a cap on withdrawals, and loosen restrictions on foreign transfers. A spokesman for the Athens Stock Exchange said on Friday a proposal to reopen the bourse had been submitted to the European Central Bank for an opinion before a decision on the matter is made by the Greek finance ministry.


READ THE ORIGINAL POST AT uk.news.yahoo.com